Plastic bottles and similar articles market in Greece

Earlier Report Observations

The market for plastic bottles and similar articles in Greece demonstrated steady conditions from 2018 to 2020, with the total market value experiencing a slight gradual decrease from 164.9 million USD to 162.1 million USD. Domestic production saw a temporary increase in 2019 before contracting in 2020.

Following 2020, import values entered a phase of strong and consistent growth, rising from 45.3 million USD in 2020 to 77.9 million USD in 2024. Exports also expanded during these years, from 33.3 million USD to 42.5 million USD, though at a more measured pace than imports.

Production plastic bottles and similar articles in Greece

In value, 2017-2020, M $ US

After two years of growth, production of plastic bottles and similar articles in Greece declined. In 2020, output was valued at 150.1 million US dollars, representing a moderate year-over-year drop of 6.3%. Over the period from 2017 to 2020, production increased by 3.7%, which translates to an annualized growth rate of 1.2%. The highest production value was recorded in 2019 at 160.2 million US dollars, while the largest annual increase occurred in 2018 at 7.5%.

Annual dynamics of production in Greece in value, 2017-2020, M $ US

Exports plastic bottles and similar articles from Greece

Exports in kind, t

In 2020, Greece's export volume of plastic bottles and similar articles reached 15 514 tonnes, marking a 3.4% increase compared to 2019. From 2017 to 2020, exports grew by 5.4%, equivalent to an annualized rate of 1.8%. The largest decline was observed in 2019, with a decrease of 0.7%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

Between 2017 and 2020, Italy, Albania, and Libya emerged as the primary markets for Greece's exports of plastic bottles and similar articles in volume terms. Italy accounted for 25.2% of exports, Albania for 18.5%, and Libya for 7.0%. Together, these three countries represented 50.7% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Exports of plastic bottles and similar articles from Greece declined for the second consecutive year. In 2020, export value stood at 33 298 thousand US dollars, reflecting a modest 7.4% decrease compared to 2019. Over the 2017-2020 period, exports increased by 7.3%, with a compound annual growth rate of 2.4%. The peak export value was recorded in 2018 at 36 649 thousand US dollars, which also saw the largest annual increase of 18.1%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, no single market dominated Greece's exports of plastic bottles and similar articles in value terms. Italy accounted for 19.5% of export value, Albania for 13.4%, and Romania for 9.4%. Together, these three countries represented just 42.3% of total exports, with the remaining 57.7% distributed among numerous smaller trading partners, each holding modest individual shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports plastic bottles and similar articles to Greece

Imports in kind, t

The import market demonstrated volatility during the observed period. Import volumes reached their lowest point in 2019 at 12 520 tonnes and peaked in 2018 at 24 224 tonnes, representing a 1.9-fold difference between these years. In 2020, Greece imported 14 369 tonnes of plastic bottles and similar articles, showing a strong 14.8% improvement from the previous year. The largest decline occurred in 2019 with a 48.3% drop, while the largest increase was recorded in 2018 at 73.2%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

During 2017-2020, Bulgaria, Romania, and Luxembourg were the largest suppliers of plastic bottles and similar articles to Greece in volume terms. Bulgaria accounted for 37.1% of imports, Romania for 18.8%, and Luxembourg for 14.6%. Collectively, these three countries represented 70.6% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

In 2020, Greece imported plastic bottles and similar articles worth 45 327 thousand US dollars, reflecting a 16.4% year-over-year increase. Between 2017 and 2020, imports grew by 26%, equivalent to an annualized rate of 8.0%. The highest import value was recorded in 2018 at 46 087 thousand US dollars. The largest decline occurred in 2019 with a 15.5% decrease, while the largest increase was observed in 2018 at 28.1%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

The country composition of Greece's imports in value terms from 2017 to 2020 was quite dispersed. Bulgaria accounted for 20.2% of import value, Luxembourg for 12.3%, and Italy for 11.8%. Together, these three countries represented just 44.3% of total import flows, with the remaining 55.7% distributed among a wide range of other trading partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020